No Decision Yet on Caixa Geral de Depositos, EU Commission Says

European antitrust regulators haven’t yet made a decision on a proposed recapitalization for state-owned Portuguese bank Caixa Geral de Depositos SA, the European Commission said.

“The commission is in contact with the Portuguese authorities regarding this issue,” Ricardo Cardoso, competition spokesman for the European Union regulator, told reporters in Brussels on Tuesday. “We have only recently received information from the Portuguese authorities regarding the matter and we are looking into that,” he said.

“News of any commission decision on this is simply not accurate,” Cardoso said.

Asked when a decision might be expected, Cardoso said: “It’s a bit difficult to predict at this stage because we have only just received the first part of the information.”

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